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EFCC Storms Abuja’s Bureau De Change Hub


The majority of Bureau De Change businesses in the Federal Capital Territory (FCT) are located in Wuse Zone 4 of Abuja, which was raided by EFCC agents on Friday.

According to a source, the raid was a clandestine operation to chase away currency speculators who are allegedly massacring available foreign money.

The raid is thought to have been the result of weeks of surveillance in which EFCC operatives watched the actions of the majority of the Bureau de change operators in the Wuse 4 axis.

According to reports, the anti-graft agency is investigating information that suggests some forces with significant inflows of naira have mobilized resources and are actively acquiring accessible foreign currencies, particularly the US dollar, in order to either hoard or smuggle them out of Nigeria.

In what a source described as a coordinated nationwide operation that will be extended to all the main commercial centers including Kano, Lagos, and Port Harcourt, several Commission agents have also been observed at significant airports around the nation.

The value of the Naira has recently fallen, with the currency trading for more than N700 to the dollar.

Wilson Uwajaren, the EFCC’s spokesperson, was unavailable for comment at the time of publication.

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